The Globe and Mail reports in its Wednesday, Feb. 4, edition that National Bank Financial analyst Cameron Doerksen has reaffirmed his "outperform" recommendation for NFI Group. The Globe's David Leeder writes in the Eye On Equities column that after modest tweaks to his 2026 forecast, Mr. Doerksen gave his share target a $4 boost to $22. Analysts on average target the shares at $20.67. Mr. Doerksen says he is staying "positive" on NFI Group due to its backlog and a "supportive" funding backdrop for public transit. Mr. Doerksen says in a note: "At the end of Q3/25, NFI's backlog was 15,606 firm orders and options worth $13.2-billion and the average price in backlog is up 3.2 per cent relative to Q3/24, providing strong visibility on deliveries and margin improvement in 2026 and beyond, in our view. We also highlight that funding for public transit in the key U.S. market looks to be well-supported in 2026. In the United States, the bill that funds new transit bus purchases, the IIJA, is in its final year. ... Another year of strong funding should support order activity in the U.S. this year." Mr. Doerksen, however, does have concerns about NFI Group's supply chain, which he says remain "a risk" for NFI.